Earned Value Management is basically a monitoring tool which monitors using terminology of money.Do not memorize the formulas directly instead it would be better if you get into the basic understanding of the concept behind EVM first.Some of the important questions discussed during the session include:• What is this to compute to performance index?• There is always confusion on different formulae for EAC and ETC calculation in different scenarios e.g. typical, atypical, fundamentally flawed estimate etc.